by neil waterhouse€¦ · waterhouse research. website revenue ebay sales 48% website sales 58%....
TRANSCRIPT
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By Neil Waterhouse
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You 30 Second intro What are your 2 most burning questions about making money on eBay?
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Topics• Why eBay?• What is a Million Dollar eBay Business?• New products versus used products• How anybody can raise some working capital• Finding your first product
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Why Online?
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In 2012 Ecommerce grew 21.1% to reach 1 Trillion US Dollars for the first time.
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2011 2012 2013
Ecommerce Sales
Ecommerce Sales
Source Forester
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Just 10 years, in 2010 Ecommerce sales overtook traditional retail sales
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Australia's $36.2 billion• More than 10 million people in Australia, half the population, bought something online in 2012, spending an average of $3,547 per person
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We love to shop online
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Why eBay? 13 Billion Dollars Sold Through eBay
in 2012 20 Billion in 2013 1 00, ooo million Active eBay Users
Worldwide Zero start‐up costs Flexible hours Access to over 100,000 million
customers worldwide from your PC Work from home. Can grow to any size Unlimited products Easy to automate Can be run in your spare time No Office fit out costs
Run from anywhere in the world E‐commerce is the largest growth
market on the planet No royalties or franchise fees Low operating costs No office or store to rent or lease You are your own boss Huge tax benefits of running a
home business Sell for capital No Website No Social Media No SEO No PPC
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over 7 million unique visitors on eBay.com.au each month.. From your sofa
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eBay 101 ‐ KPI Average sell price – $40 ($42.18) Average sales per 90 days – 45 Average Cost price ‐ $20 ($17.23) Equals $20 per sale $20 x 45 sales per month = $900 profit per month per product
$3,600 PA
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1 Product =$900 profit per 90 Days $3,600 Profit Per Annum
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5 Products =$4,500 profit 90 Days, $13,500 Profit PA
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20 Products =$18,000 profit Per 90 Days, $54,000 Profit PA
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50 Products =$45,000 profit Per 90 Days,$135,000 Profit PA
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100 Products =$90,000 profit Per 90 Days, $270,000 Profit PA
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Smart Phones, Smart Devices 2005
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Smart Phones, Smart Devices 2013
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Mobile – Smartphones and Smart devices
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eBay’s App
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36% of eBay Sales done with a smart device. 13.3 Billion Dollars Sales 2012
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Which Products?
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Used ProductsPros Cons Can be acquired for free and
cheap Great way to make some
quick cash Profits can be used for new
items
Limited stock Requires time to acquire
stock Need to photograph and
write ad copy for every item and then sell it only once
eBay Search Algorithm
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Sources for Used Product Council Clean ups Garage Sales Bundling Charity / Thrift Shops Deceased Estates Divorce Senior Centres Downsize Gumtree Police Auctions Car boot sales
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New ProductsPros Cons Unlimited stock Photograph once, write ad
copy once and sell over and over
7/10 items sold on eBay are new
The longer a listing on eBay, the better for the search algorithm
Cost Risk of purchasing an item/s
and they do not sell
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Product Criteria High Profit High Volume Sell Price between $20 and $150
Family friendly
> 45 Sales Per 90 Days
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Product Criteria Sells for less than $150 Family friendly No brand names No drop shipping Must make > 100% profit Sells more than 45 times per 90 Days Minimum 3 months proven history
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How to find new products Manual research or use tools Pros / Cons Time versus cost
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What are the typical attributes of a a high profit product? $1,000 to $15,000+ profit 90 days Minimum 15 sales per month Shoebox size or larger No brand names
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80/20 RuleWhich items ALREADY make > 100% profit and sell > 15 times per month
Only operate in the cream
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No Guessing Most eBay Sellers Guess The Market Don’t Guess, Only Use Data Prove Prove Prove
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Completed Listings
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http://popular.ebay.com/
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http://www.watchcount.com/
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http://translate.google.com/globalmarketfinder/index.html
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http://labs.ebay.com/Catman/
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Marketplace Analyzer
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Manual Free Research Choose a Niche or find a seller which has feedback > 1000
Example – Electronics
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www.tera‐peak.com
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Hot products…
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Waterhouse Research
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WebsiteRevenue
eBay Sales 48%Website Sales 58%
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Build an exit strategy at the beginning
Must work without you Must be able to sustain growth by itself
Keep clear records Use an automated accounting system
1‐4 Times annual profit Keep adding more products
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Summary of how to build a Million Dollar eBay Business Find one hot product which makes a minimum of $500 profit per 90 days
Repeat
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Private coaching, Testimonial, Special Offer Monthly private coaching call (Normally $170 per 30 minutes)
Paperback copy of book “Million Dollar eBay Business From home” (Normally $19.95)
Testimonial to be used in next version of “Million Dollar eBay Business From Home”. Your eBay ID will not be shown or used in any way.
Cost $99 per month with no contract and can be cancelled at any time with zero cancellation fees
Maximum 10 People Only
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How to succeed?
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Thank You
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China Ship Share FOB $60 1CBM FOB Local charges $475 1 Invoice from China
Each supplier Flat $50 for warehousing, forwarder, admin etc + share of local charges
Example 1CBM $60 + $47.5 + $50 = $157.5 + GST
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Shipping from China Options DHL, Fedex ‐ Couriers EMS – China Air Mail CIF ‐ Cost Insurance Freight FOB – Free On Board LCL – Less Container Load FCL – Full Container Load